Nepal Financial News

Adipurush" dialogue writer Manoj Muntashir Shukla has apologised for hurting people's emotions. The Prabhas-starrer mythological epic film, directed by Om Raut, was criticised heavily for its pedestrian language upon its release last month. The film's team, including Shukla, announced days later that they have decided to «revise some of the dialogues».

Gautam Budh Nagar police arrested Haider on 4 July for illegally entering India without a visa via Nepal with her four children -- all aged below seven years. Besides, her Indian husband Sachin and father-in-law were arrested for sheltering the illegal immigrant. However, on Saturday, the Uttar Pradesh court granted bail to the couple who were behind bars for five days at Luksar jail.

Prime Minister Narendra Modi to send his wife and children back to Pakistan! The Pakistani woman, who reportedly entered India via Nepal, and her Indian partner, both of whom were arrested by the police in connection with her illegal stay in India, were on Friday granted bail by a court in Uttar Pradesh's Greater Noida.  Gulam Haider, the husband of Seema Haider, has now made a heartfelt plea to send his wife and children back to Pakistan. According to Business Today, Gulam resides in Saudi Arabia and has released a video appeal requesting the Narendra Modi government's intervention in the matter. Gulam Haider thanked the Indian media for their unexpected support, which helped him locate his wife and children.

India have agreed to hold a meeting of experts to «iron out the differences» and finalise the detailed project report of the much-awaited 6,480 megawatt Pancheshwar Multipurpose bi-national power plant to be developed on the bordering Mahakali river, according to a media report on Saturday. The understanding was reached during a meeting of the governing council of the Pancheshwar Development Authority held in Pokhara in Nepal on Thursday and Friday, The Kathmandu Post newspaper reported.

RBI, which is supposed to have the last word on rupee? The letter made no difference. Punters had the last laugh. Those days, RBI either sharply reacted to such phenomena, or shut its eyes when there was nothing it could do — as it refused to acknowledge the flourishing non-deliverable forward (NDF) market in Singapore, London and New York where big banks took positions on `/$ forwards and settled the trade in dollars.

NEW DELHI : The Centre will devise a strategy to tap export markets for Indian coal as domestic production sets new records, Union minister of parliamentary affairs, coal and mines Pralhad Joshi said. In an interview, Joshi said India already exports around 2 million tonnes (mt) of coal to its neighbours. He said that after the recent lithium finds in Jammu and Kashmir and Rajasthan, the Geological Survey of India (GSI) has begun six projects on lithium investigation in Chhattisgarh, Meghalaya, Jammu & Kashmir, and Andhra Pradesh.

equality and social justice, the Assembly Judiciary Committee of California recently conducted a hearing for Senate Bill 403 (SB403), which aims to prohibit caste discrimination, according to a report published by ABC10.  If passed, California would become the first state in the United States to explicitly ban caste-based discrimination by including caste as a protected category under the state's Unruh Civil Rights Act, as well as fair housing and employment laws. The bill has been passed by the Assembly Judiciary Committee, and now it will move to the Appropriations Committee.

India has doubled its share of global commercial services exports to 4.4 per cent in 2022 from 2 per cent in 2005, according to a World Bank and World Trade Organisation (WTO) report. "China and India doubled their share of global commercial services exports from 2005 to 2022, from 3.0 per cent to 5.4 per cent, and from 2.0 per cent to 4.4 per cent, respectively," it said.

commercial services exports to 4.4% in 2022 from 2% in 2005, the World Bank and World Trade Organization (WTO) said Monday. In a report titled ‘Trade in services for development’, they said that in India, South Africa and Türkiye, jobs directly linked to cross-border services exports account for more than 10% of total services sector jobs.

PTC India Ltd has clocked 16 per cent growth in its power trading volumes during the first quarter of this fiscal and hopes for around 20 per cent rise in the entire 2023-24, driven by targeted segment wise trade and innovative products, according to CMD Rajib Kumar Mishra. PTC India's trading activities include long-term trading of power generated from large power projects and short-term trading arising from supply and demand mismatches, which inevitably occur in various regions of the country. The company also has a mandate to trade electricity with Bhutan, Nepal, and Bangladesh.

Guwahati: Assam chief minister Himanta Biswa Sarma on Saturday said that state is getting closer in becoming a major exporter of petrochemicals as the state has sent first consignment of methanol to Bangladesh. Sarma tweeted, “We are one step closer to establish Assam as a major exporter of petrochemicals. Today, we flagged off the first methanol consignment to Bangladesh from Assam Petrochemical Plant, which was inaugurated by Hon PM in April '23.” Sarma said that government is heavily investing in the petrochemical sector by increasing its stake in Numaligarh Refinery Limited, investing in new projects of Assam Petrochemicals Limited among others.

Cameron Winklevoss, an American investor and co-founder of the cryptocurrency exchange Gemini, predicts that Asia will be the beginning of the next bull run for cryptocurrencies.

Cameron Winklevoss, the co-founder of Gemini, recently opined that the next crypto bull run will come from the East. His remarks come amid a ramp-up in enforcement action and impending crackdowns by the U.S. regulators, including the Securities and Exchange Commission (SEC).

Crypto's next bull run will start in Asia, according to Cameron Winklevoss, an American investor, and co-founder of crypto exchange Gemini.

Nepal’s telecommunications regulator has ordered the country's internet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those that fail to comply.

Skirmishes broke out between demonstrators and the police on the sidelines of a rally organised on Saturday in Paris to pay tribute to the three Kurds killed by a gunman in the French capital the previous day. 

French serial killer Charles Sobhraj was freed from prison in Nepal on Friday after serving most of his sentence for the murders of Western backpackers.

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The new tool provides daily estimates of the annualised and total greenhouse gas emissions related to Bitcoin.

Non-fungible tokens (NFTs) are the biggest on-ramp to the cryptocurrency market among countries in Central & South Asia and Oceania (CSOA) according to a new report. 

Emerging markets are leading the cryptocurrency adoption index globally, says a Chainalysisreport. It adds that lower-middle income countries hold a majority of the positions in the top 20 countries in terms of crypto adoption.